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230P WOW That's double when is that expected?
link?
Thanks
Numis had selected BBB as their Top Pick, in the Telcom sector Smaller Caps. Price target of 230p
Nice Surge!
Any news out or just on the up?
Good luck with this one this year , good to see rns on joint agreement before xmas . Lets see what happens .
Must have been plenty of “BBB chat” around the dining tables over Christmas and New Year. Looks like a decent up tick in the share price and overdue. Someone must be tipping this bar IC , maybe a broker has pulled their finger out, take the opportunity whilst under the 125p level.
Due to
https://www.investorschronicle.co.uk/comment/2018/12/21/bigblu-s-game-changing-deal/
Volume has increased today, been a while!
Gd observation.
However the lack of movement is a concern, hopefully next update as they have partnered recently will have a bigger impact on customer numbers, revenues etc.
The devil's in the detail to my mind.
As of end Nov 2017, BBB (or SAT as then was) had got up to 100,000 customers worldwide primarily through bolt-on acquisition, as per the RNSed SAT Jan 18 trading update.
As of the Dec 12th 2018 RNSed BBB trading update, it had 113,000 customers worldwide.
However, in the intervening year, BBB had made two bolt-on acqusitions giving it a further 21,000 customers in Italy, Germany, Austria and a few in Portugal - as per the SAT April 26 2018 RNS.
It also sold off 11,000 Australian fibre customers.- as per the BBB June 11 2018 RNS.
So BBB "gained" a nett 10,000 extra subscribers following the above deals within this FY.
On that basis, I'm only seeing a max 2.5 to 3% organic gain on its customer base. That's very slim and fragile IMO - especially given that BBB is still so European centric and - as AIMforprofit has said, satellite broadband is becoming ever more rapidly marginalised in such territories.
I'd be happier seeing them maximise more in Australia (where the geography/population densities fit their service much more neatly and also branching out into Africa if they can.
AIMO.
Was expecting a lot more from the sp as update is positive, it's actually not made any progress, looks like oversold.
Slow and steadily it's doing something...
I think people just remain worried that satellite broadband as whole could be surpassed. I think there's a possibility of this being the case in the UK but there's a huge market across the rest of the world where people are way more rural than we are used to in the UK. There's certainly huge scope for this to grow for many years to come IMO.
I've been here for two and saw 6 months ago this went from similar sp to 1.34 on Trading update
I
I've been in for 3 years! God knows how I can be down
Anone invested here???????????????
It hasn't moved dont you find this strange 6 months ago it rocketed once rns update was out
it hasn't moved,,
Looking back at the trading update 6 months ago it rocketed to 1.35, this hasn't moved and 2 Positive rns in a week
What is going on???????????????????????????????????????????????????????????????????
I was expecting more movement...
countback solid trading update, iv always seen of the back of an update an increase of 20 - 30% buys and sp increasing this hasn't moved an inch, whats going on??????????????????????????????????????????????????????????
Anyone??????????????????????????????????????????????????????
Chesh where are all the buys?????????????????????????????????
Excellent update, revenues and customer number increasing, the latest partnership entering 20189. Its all positive............
Total revenue increased c. 25% to c. £55m (FY 17: £44m)
· Recurring revenue1 increased c. 27% to c. £51m, representing 94% of total revenue
· Like-for-like organic revenue growth on a constant currency basis2 of 7%
· Continued growth of customer numbers to c. 113K (FY17: 100K)
· Underlying EBITDA3 increased c. 45% to £6.8m (FY17: £4.7m)
· Net debt at c. £14m as at 30 November 2018 (FY17: £13.1m)
More than happy with that, solid as always, delivering what they say they will.
Chesh what do you think of the RNS last week partner news
Also are you expecting this to make some progress with trading update not far away, volume and sp has been very static for some time
Thanks
Hi, all. Can anyone confirm if it's the end of the year for the results ? Needing something to focus on for this share , not been good so far. Time to dump is very close. At a loss. Not good
...fast.
AIMO.
Not negative, Chesh... brutally realistic in my very firm view.
I have some personal experience of what's going on in the satellite-delivered broadband market. The fact is, in high density developed market geographies - like Western Europe, which currently accounts for around a third of BBB's revenues - .satellite-delivered broadband is breath-takingly rapidly getting marginalised by both the creeping growth in the availability of fibre-based services alternative and more importantly by other far FAR more cost-effective and fit for purpose delivery technologies, such as 4G. And don't forget 5G waiting in the wings as well.
If you want an example from the UK, EE is currently offering half a terabyte of monthly data - yes, that's 500GB - over 4G to end-users at £100 inc VAT. That's 20p per GB at speeds of up to 100 Mbps and at a latency of around 40 ms. EE and the other mobile network operators now claim a 99% 4G coverage of the UK by population (but to be fair, not by geography... yet)..
Compare and contrast with BBB's best value satellite broadband offering. Their website today shows that as being 75GB of monthly data at £89 to the end-user... I make that around £1.20 per GB, so six times more expensive. And that's at a maximum speed of 30 Mbps and with an utterly unavoidable latency of around 600 ms... it's a complete no-brainer for mass market home and small biz end-users that form BBB's traditional customer base.
If you needed further evidence, take a look at Avanti's SP performance over the last couple of years - and AVN is one of two core satellite connectivity suppliers to BBB in W. Europe.. They've also chased the W. European horizontal market and have only very recently twigged that they need to be looking at very different geographies (like sub-Saharan Africa), where their offerings actually make some sense.
So - although markets like Australia will be performing better for BBB (massive geography with sparse population density very much suits satellite-delivered broadband) - my strong opinion is that they simply must be suffering massive levels of churn and customer switch-off in W. Europe.
Combine that with self-imposed "must hit" targets as to number of active customers (100k by end 2017 and isn't it 150k by end 2020?) and BBB has effectively forced itself into a policy of continual growth by purchased acquisition - because it cannot IMV get the numbers up by any organic growth in one of its 3 core markets. Quite the reverse... the subscriber numbers simply must be going backwards in W. Europe... so BBB is going to need to acquire even more customer bases via purchase to hit that 2020 target. Plenty of cash gonna be needed for that - let alone to shore up falling revenue levels.
The one (smallish) shining light in BBB's European operation is its Quickline acquisition, which is a fixed wireless ISP. But the thing with FWA is that it can only be spread slowly from an existing point. so it just can;t be scaled that fa